Allianz Global Investors has formed an academic advisory board composed of five academics from the fields of behavioral finance and behavioral science. The board was assembled in the wake of the June launch of the Allianz Global Investors Center for Behavioral Finance.

The advisory board will work closely with the Center’s chief behavioral economist, professor Shlomo Benartzi.  

The board members include Nicholas Barberis of the Yale School of Management; Kent Daniel of the Graduate School of Business at Columbia University; Daniel Goldstein of London Business School and Yahoo Research; Noah Goldstein of UCLA Anderson School of Management and John Payne of Fuqua School of Business at Duke University.

The move is another sign of how behavioral finance is expanding as an area of academic research as well as a subject being taken up by wealth management firms to better understand client needs and investment risks. To view a recent article on the subject, click here.